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you're going to have al simpson and erskine bowles on. they have talked about this for a couple of years now. we have a spending problem. you know, we have a debt the size of our economy, which makes us look a lot like greece. this administration has driven spending as a percentage of our economy from 21% up to almost 25%. we've resolved the tax issue now. it's over. it's behind us. we were able to get permanent tax relief for 99% of american taxpayers. and for 500,000 small businesses. so that's behind us. what's left to be dealt with is the spending. and it's a shame that the president doesn't embrace the effort to reduce spending. none of us like using these situations like the sequester or the debt ceiling or the operation of government to try to engage the president to deal with this. but -- >> but you said that was a strategy, that's what you learned. i want to come back to the question. it's a hostage that's worth ransoming, the debt ceiling of the united states government. is that the strategy that you would ransom that here again
you're going to have al simpson and erskine bowles on. they have talked about this for a couple of years now. we have a spending problem. you know, we have a debt the size of our economy, which makes us look a lot like greece. this administration has driven spending as a percentage of our economy from 21% up to almost 25%. we've resolved the tax issue now. it's over. it's behind us. we were able to get permanent tax relief for 99% of american taxpayers. and for 500,000 small businesses. so...
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former senate alan simpson and erskine bowles. they were the co-chairs of the president's commission. they think washington missed a big opportunity with the fiscal cliff. so where do we go from here? i will ask them. >>> plus, reaction from our roundtable about the politics of this past week. who were the winners, the losers? joining me, freshman independent senator from maine angus king. former speaker newt gingrich. chair of the house democratic caucus, congressman xavier becerra. former head of hp carly fiorina. plus, ej dionne. it's all coming up. >>> "meet the press" is brought it's all coming up. >>> "meet the press" is brought to yowe know why we're here. ♪ to connect our forces to what they need, when they need it. ♪ to help troops see danger, before it sees them. ♪ to answer the call of the brave and bring them safely home. [ female announcer ] around the globe, the people of boeing are working together, to support and protect all who serve. that's why we're here. ♪ i am probably going to the gas station about on
former senate alan simpson and erskine bowles. they were the co-chairs of the president's commission. they think washington missed a big opportunity with the fiscal cliff. so where do we go from here? i will ask them. >>> plus, reaction from our roundtable about the politics of this past week. who were the winners, the losers? joining me, freshman independent senator from maine angus king. former speaker newt gingrich. chair of the house democratic caucus, congressman xavier becerra....
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and erskine bowles is joining us right now, part of the move to fix the cliff. part of the simpson-bowles commission, designed to deal with debt relief and debt reduction. erskine, thank you very much for joining us. >> thank you. >> how would you have voted for that fiscal relief legislation, had you been a member of the house or senate? >> oh, look, i would have voted for it. you know, i think going over the cliff would have been an economic disaster for the country. it was too much. too quick -- too abruptly, and if you look at the cuts, the discretionary items, action of them deal with the things that need to slow the growth rate, that is the entitlement programs. it did generate growth. it was a step in the right direction, but for sure, wolf, it was a missed opportunity. i call this the magic moment, you know, where we had a chance for our generation to do something big to put our fiscal house in order. and we absolutely blew it. >> in the next few weeks, as you well know, there will be at least three crisis points coming up, raising the nation's debt ceil
and erskine bowles is joining us right now, part of the move to fix the cliff. part of the simpson-bowles commission, designed to deal with debt relief and debt reduction. erskine, thank you very much for joining us. >> thank you. >> how would you have voted for that fiscal relief legislation, had you been a member of the house or senate? >> oh, look, i would have voted for it. you know, i think going over the cliff would have been an economic disaster for the country. it was...
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erskine bowles joins us right now with more of your thoughts on all of this. i mean, what were you thinking as these negotiations were getting closer and closer to the deadline and they came up with this tax bill? >> look, bill, i was -- i was hoping, you know, that we wouldn't take this big, you know, hit in the gut and go over this fiscal cliff and really do some real devastation to the economy. >> so you're glad they did something? >> yeah, look it. we got something. we got about $620 billion worth of revenues. unfortunately, it was a missed opportunity. this was a magic moment to do something really big about our long-term fiscal problems. >> can i play a sound bite for you when it comes to spending from arthur brooks, the president of aei, who was on "squawk box" this morning and take a listen to what he said. >> sure. it's pretty clear that obama believes that the only problem that we have is be a undertaxing problem in this country. >> for medicare as well? >> everything, everything. there's no indication that he honestly believes that we have a spendin
erskine bowles joins us right now with more of your thoughts on all of this. i mean, what were you thinking as these negotiations were getting closer and closer to the deadline and they came up with this tax bill? >> look, bill, i was -- i was hoping, you know, that we wouldn't take this big, you know, hit in the gut and go over this fiscal cliff and really do some real devastation to the economy. >> so you're glad they did something? >> yeah, look it. we got something. we got...
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primarily to the point where he wish he would appoint erskine bowles directly. i know he's only an example, but there are not many people with skills to handle a negotiation like that. thing as to where negotiation is truly correct that it doesn't deny the president his position. it simply tries to work those positions, giving up pieces of bad so that each side has to give it pieces of their position, not give up totally. if that's the demand that they give it totally, then we're not going to have success. i do think that the danger of the country of not solving our fiscal problems will rest on the shoulders of those making these decisions. he said they will be some movement greater than the statistics, the power of the president will have possibly less in place. yes. >> we had one president that had more than two terms. is there anything unique about those third and fourth terms? >> it's interesting that it's thought that washington said the two-term one that. who says there was a constitutional amendment. the fact is he wanted a third term and if he didn't hav
primarily to the point where he wish he would appoint erskine bowles directly. i know he's only an example, but there are not many people with skills to handle a negotiation like that. thing as to where negotiation is truly correct that it doesn't deny the president his position. it simply tries to work those positions, giving up pieces of bad so that each side has to give it pieces of their position, not give up totally. if that's the demand that they give it totally, then we're not going to...
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. >> look, if we had clinton in president, if we had erskine bowls, or president of the united states, i think we would have fixed this fiscal mess by now. that's not the kind of press si we're dealing with right now. >> the first question -- the first question there is which clinton governor? which clinton is he talking about? hillary or bill? >> chelsea. >> and is that an ironic statement gin as i don't know jonathan alter pointed out, this is a dude that basically nails the nails in the coffin on erskine bowles. >> hypocrisy reigns. this is true. he is talking about bill clinton, and is he talking about erskine bowles as chief of staff to bill clinton. you are absolutely right. paul ryan could have delivered erskine bowles and could have made it difficult for the president to walk away, but he gave the president -- >> this is a weird obsession with trying to, like, play the clintons off of the obamas, and republicans love doing this. the idea that they would have been, you know, kind to bill clinton or hillary clinton had they been president is laughable. >> all the guys saying thi
. >> look, if we had clinton in president, if we had erskine bowls, or president of the united states, i think we would have fixed this fiscal mess by now. that's not the kind of press si we're dealing with right now. >> the first question -- the first question there is which clinton governor? which clinton is he talking about? hillary or bill? >> chelsea. >> and is that an ironic statement gin as i don't know jonathan alter pointed out, this is a dude that basically...
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erskine bowles is joining us right now. he's the co-founder of the organization called fix the debt, which is obviously something very important. former white house chief of staff under president bill clinton and the co-sponsor of the simpson/bowles commission designed to deal with debt relief and deficit reduction. erskine bowles, thank you for joining us. >> thank you, wolf. glad to be with you. >> first of all, had you been a member of the house or the senate, how would you have voted for the fiscal relief legislation? >> look, i would have voted for it. you know, i think going over the cliff would have been an economic disaster for the country. it was too much too quick, too abruptly and if you look at the cuts that were, you know, in the sequester, they are all in the discretionary items. none of them deal with the items to slow the rate of growth and that's the entitlement programs and it did generate a little bit of revenue for the country, about $600 billion worth. i would have voted for it. it was a step in the rig
erskine bowles is joining us right now. he's the co-founder of the organization called fix the debt, which is obviously something very important. former white house chief of staff under president bill clinton and the co-sponsor of the simpson/bowles commission designed to deal with debt relief and deficit reduction. erskine bowles, thank you for joining us. >> thank you, wolf. glad to be with you. >> first of all, had you been a member of the house or the senate, how would you have...
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also erskine bowles will be here to talk about what should be next in the ongoing debt debate. we'll be right back on "morning joe." [ female announcer ] going to sleep may be easy, but when you wake up in the middle of the night it can be frustrating. it's hard to turn off and go back to sleep. intermezzo is the first and only prescription sleep aid approved for use as needed in the middle of the night when you can't get back to sleep. it's an effective sleep medicine you don't take before bedtime. take it in bed only when you need it and have at least four hours left for sleep. do not take intermezzo if you have had an allergic reaction to drugs containing zolpidem, such as ambien. allergic reactions such as shortness of breath or swelling of your tongue or throat may occur and may be fatal. intermezzo should not be taken if you have taken another sleep medicine at bedtime or in the middle of the night or drank alcohol that day. do not drive or operate machinery until at least 4 hours after taking intermezzo and you're fully awake. driving, eating, or engaging in other activi
also erskine bowles will be here to talk about what should be next in the ongoing debt debate. we'll be right back on "morning joe." [ female announcer ] going to sleep may be easy, but when you wake up in the middle of the night it can be frustrating. it's hard to turn off and go back to sleep. intermezzo is the first and only prescription sleep aid approved for use as needed in the middle of the night when you can't get back to sleep. it's an effective sleep medicine you don't take...
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>> i'm going stay on the erskine bowles topic and agree we are the bickermans. >> bickersons. >> you are too young. >> all right. very good. >> you are kids. >> i learned, once again, speak less. listen more. >> what time is it? >> i will tell what you time it is. >> what time is it? >> it is time for "morning joe." it was time for "morning joe" but right now it is time for chuck todd and "the daily run-down." >> president obama makes his pick for the top spot at treasury. is jack lew ready for a full-blown fight over the debt ceiling in his first month on the job? pocket change. you heard about this idea. the trillion dollar coin to handle the debt ceiling. well, today we will tell you where it all started and whether or not it is really something president obama might use. they won't rule it out important some reason. and back to the future. the gun debate of 1994 had many lessons for the fight unfolding today. what can president obama learn from president clinton's success? good morning from washington. thursday, january 10, 2013. this is "the daily run-down." i'm chuck todd. let'
>> i'm going stay on the erskine bowles topic and agree we are the bickermans. >> bickersons. >> you are too young. >> all right. very good. >> you are kids. >> i learned, once again, speak less. listen more. >> what time is it? >> i will tell what you time it is. >> what time is it? >> it is time for "morning joe." it was time for "morning joe" but right now it is time for chuck todd and "the daily...
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also of the simpson/bowles commission. >> erskine/bowles. >> comparing the debt situation the other day about europe. that really gets a lot of people to listen up. take a listen to how he said this. >> we're the healthiest horse in the glue factory right now. the trajectory of debt, deficit and interest right now, the trajectory of debt, deficit and interest will match any of the pigg countries. portugal, italy, spain, match it. of course, we're lots bigger. >> the healthiest horse in the glue factory. so what can be done. >> yeah. >> to fix the debt. >> look, the reality is our debt to gdp is 73%. the historical average is 40%. the highest in history was 180% after world war ii. in ten years we'll be at 85%. now you start getting close to italy and some of the other countries that have problems. so, you know, this is a problem where you can run but you can't hide. i think that it's like the problem politically is that like birch and russell said you tend to think in concept but you live in the detail. when you get into the hard detail of reforms we tend to triflize the national debate
also of the simpson/bowles commission. >> erskine/bowles. >> comparing the debt situation the other day about europe. that really gets a lot of people to listen up. take a listen to how he said this. >> we're the healthiest horse in the glue factory right now. the trajectory of debt, deficit and interest right now, the trajectory of debt, deficit and interest will match any of the pigg countries. portugal, italy, spain, match it. of course, we're lots bigger. >> the...
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those are the words from former wells fargo ceo when he joins us and tomorrow erskine bowles weighs in on tomorrow's fiscal cliff tax deal. that's tomorrow right here at 3:10 p.m. eastern right here on the "closing bell." back after this. tdd# 1-800-345-2550 you should've seen me today. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i've switched to charles schwab... tdd# 1-800-345-2550 ...i've been finding opportunities like this tdd# 1-800-345-2550 a lot more easily. tdd# 1-800-345-2550 like today, tdd# 1-800-345-2550 i was using their streetsmart edge trading platform tdd# 1-800-345-2550 and i saw a double bottom form. tdd# 1-800-345-2550 i called one of their trading specialists tdd# 1-800-345-2550 and i bounced a few ideas off of him. tdd# 1-800-345-2550 they're always there for me. tdd# 1-800-345-2550 and i've got tools that let me customize my charts tdd# 1-800-345-2550 and search
those are the words from former wells fargo ceo when he joins us and tomorrow erskine bowles weighs in on tomorrow's fiscal cliff tax deal. that's tomorrow right here at 3:10 p.m. eastern right here on the "closing bell." back after this. tdd# 1-800-345-2550 you should've seen me today. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it....
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look, if we had a clinton presidency, if we had erskine bowles, i think we would have fixed this fiscal mess by now. that's not the kind of presidency we're dealing with right now. >> and you don't blame conservatives, particularly in the house, for thwarting that effort? >> both parties -- forget about just the recent past. both parties got us in the mess we are in, this fiscal crisis. republicans and democrats. and it will take both parties to solve this problem. that's the kind of leadership we need today. >> how do you think about 2016 and a presidential run? >> i don't. >> you're not thinking about it now? >> i think it's just premature. i've got an important job to do. i represent wisconsin. i'm chairman of the budget committee at the time we have a fiscal crisis. i think i can do my job by focusing on that right now rather than focusing on distant things. >> but you'll take a serious look at it? >> i'll decide later about that. right now i'm focused on this. >> chairman, thank you very much as always. appreciate it. >> thank you. >>> coming up here, what did we learn from preside
look, if we had a clinton presidency, if we had erskine bowles, i think we would have fixed this fiscal mess by now. that's not the kind of presidency we're dealing with right now. >> and you don't blame conservatives, particularly in the house, for thwarting that effort? >> both parties -- forget about just the recent past. both parties got us in the mess we are in, this fiscal crisis. republicans and democrats. and it will take both parties to solve this problem. that's the kind...
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. >>> look, if we had a clinton presidency, if we had erskine bowles, chief staff of the white house, or president of the united states, i think we would have fixed this fiscal mess by now. that's not the presidency we're dealing with right now. i decided not to comment between the election and the inauguration because i wanted to see what kind of presidents we were looking at here. what kind of path and trajectory he was putting his administration on. and all of the statements and all of the comments lead me to believe that he's thinking more of a political conquest than political compromise. and that's my concern. >> interesting. welcome back to "morning joe." a live look at the white house as the sun has yet to come up over washington. time to wake up, everyone. with us still, former governor ed rendell and richard haass. and joining the set, columnist for "the new york times" and nobel prize-winning economist, paul krugman. paul's book, "end this depression now!" is now out in paperback. it did well here, apparently. >> you no he what they say about the nobel prize winner? >> what
. >>> look, if we had a clinton presidency, if we had erskine bowles, chief staff of the white house, or president of the united states, i think we would have fixed this fiscal mess by now. that's not the presidency we're dealing with right now. i decided not to comment between the election and the inauguration because i wanted to see what kind of presidents we were looking at here. what kind of path and trajectory he was putting his administration on. and all of the statements and all...
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bowles two guys who now charge forty thousand dollars an hour in speaking fees are pushing hard to kill social security by handing it off to wall street even though social security or maybe because social security is sitting on a two point seven trillion dollars surplus. fortunately their efforts to cut a privatized social security so far are not working according to a new poll by the pew research center americans thirty to forty nine by margin of fifty two to thirty five percent believe preserving social security insurance is more important than reducing reducing the deficit and we should note social security has nothing to do with the deficit and younger americans share that sentiment by a margin of forty eight to forty one percent americans from eighteen to twenty nine believe preserving social security is more important than deficit reduction and once again social security's got nothing to do with the deficit but don't expect the polls to slow down the republicans and the cat food commissioners if they can whip up enough phony fear and convince enough younger americans that their re
bowles two guys who now charge forty thousand dollars an hour in speaking fees are pushing hard to kill social security by handing it off to wall street even though social security or maybe because social security is sitting on a two point seven trillion dollars surplus. fortunately their efforts to cut a privatized social security so far are not working according to a new poll by the pew research center americans thirty to forty nine by margin of fifty two to thirty five percent believe...
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in a moment, we'll talk to alan simpson and erskine bowles about where they see the fiscal cliff deal leaving the country. they say it falls short. but first, the man who brokered the deal with the white house on behalf of the republicans and no doubt will be a key figure in the battles ahead, the top republican in the senate, mitch mcconnell. he joins me now. leader mcconnell, happy new year. welcome back to "meet the press." >> good morning, david. >> let me talk about a preview of coming attractions and the fights ahead, including the debt ceiling that was so bitterly contested back in the summer of 2011. here is something you said in august of 2011 that i wanted to show our viewers and have you respond to. you said then, i think some of our members may have thought the default on paying america's bills issue was a hostage you might take a chance at shooting. most of us don't think that. what we did learn is this. it's a hostage that's worth ransoming. is that the strategy for the coming fight over the debt
in a moment, we'll talk to alan simpson and erskine bowles about where they see the fiscal cliff deal leaving the country. they say it falls short. but first, the man who brokered the deal with the white house on behalf of the republicans and no doubt will be a key figure in the battles ahead, the top republican in the senate, mitch mcconnell. he joins me now. leader mcconnell, happy new year. welcome back to "meet the press." >> good morning, david. >> let me talk about a...
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alex simpson and erskine bowles. they are interesting, pungent, fun funny. all three of them are interesting, pungent and funny. we will talk debt and mother with those guys. >> and with your special, i can't wait to see it. >> thank you. >> it is funny. >> death is a preview, i believe that's mary's title. >> a good title. >> thank you for watching "power lunch." be back with you tomorrow. >> "street signs" begins now. >> welcome to a buy coastal "street signs" where history rules the day. jan las been great for stocks. but we have got stats about how will full year may look that you have got to see to believe. which stocks have been the hottest this month? we will show you and dig out one big dog. plus herb is all hot and bothered on a new etf. we will name of names. and we talk a lot about the retail investors about how to get him and her invested in stocks again. mandy is helping do just that. >> absolutely. hi, everybody. i'm here at the conference in san diego, brian. i have fallen in love with your hometown. or at least one of your home towns. hello,
alex simpson and erskine bowles. they are interesting, pungent, fun funny. all three of them are interesting, pungent and funny. we will talk debt and mother with those guys. >> and with your special, i can't wait to see it. >> thank you. >> it is funny. >> death is a preview, i believe that's mary's title. >> a good title. >> thank you for watching "power lunch." be back with you tomorrow. >> "street signs" begins now. >>...
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in a moment, we'll talk to alan simpson and erskine bowles about where they see the fiscal cliff deal leaving the country. they say it falls short. but first, the man who brokered the deal with the white house on behalf of the republicans and no doubt will be a key figure in the battles ahead, the top republican in the senate, mitch mcconnell. he joins me now. leader mcconnell, happy new year. welcome back to "meet the press." >> good morning, david. >> let me talk about a preview of coming attractions and the fights ahead, including the debt ceiling that was so bitterly contested back in the summer of 2011. here is something you said in august of 2011 that i wanted to show our viewers and have you respond to. you said then, i think some of our members may have thought the default on paying america's bills issue was a hostage you might take a chance at shooting. most of us don't think that. what we did learn is this. it's a hostage that's worth ransoming. is that the strategy for the coming fight over the debt ceiling? >> well,
in a moment, we'll talk to alan simpson and erskine bowles about where they see the fiscal cliff deal leaving the country. they say it falls short. but first, the man who brokered the deal with the white house on behalf of the republicans and no doubt will be a key figure in the battles ahead, the top republican in the senate, mitch mcconnell. he joins me now. leader mcconnell, happy new year. welcome back to "meet the press." >> good morning, david. >> let me talk about a...
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bowles and senator simpson, simpson-bowles commission with recommendations on tough choices that needed to be made to rein in the future growth of entitlement spending and he rejected that today in the speech explicitly. >> sean: let me go back, this is personal for you, obviously, serving with president bush as long as you did. one thing he said in 2009 shutting down gitmo and it remains open today. and bothered me he'd never apologize to america, get your response to these things he said just four short years ago. >> we reject as false the choice between our safety and our ideals. our founding fathers -- our founding fathers faced with perils that we can scarily imagine, drafted a charter to assure the rule of law and the rights of man. a charter expanded by the blood of generations. those ideals still light the world and we will not give them up for expedience sake. we will not apologize for our way of life, nor will we waiver in its defense and for those who seek to advance their aims by inducing terror and slaughtering innocents, we say to you our spirit is longer and cannot be bro
bowles and senator simpson, simpson-bowles commission with recommendations on tough choices that needed to be made to rein in the future growth of entitlement spending and he rejected that today in the speech explicitly. >> sean: let me go back, this is personal for you, obviously, serving with president bush as long as you did. one thing he said in 2009 shutting down gitmo and it remains open today. and bothered me he'd never apologize to america, get your response to these things he...
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what does does erskine bowles think? we will hear from him in a few minutes. >>> and the debt ceiling fight, you will be shocked and amazed to find out what it is, but i'm not telling you right now. but i will tell you that michelle caruso-cabrera is with me. see you at the top of the hour from the new york stock exchange. >> bill, go g to see you. >>> let's take a euro trip and party like it's 1999 with a "street signs" time machine. on this day, 14 years ago, the all mighty euro debuted in 11 european nation possess. since then, the euro was up 11% against the u.s. dollar. today the euro is sitting just about flat with the dollar but well off the highs we saw in 2008. joining us is kathy from bks management. happy birthday euro, 14 years old today, has it been a success? >> i think in the past 14 years we have seen the best and worst of the euro. i think the fact that it is still here, and the fact that germany and largest members of the eurozone are fighting to keep the currency in place when it could have evaporated,
what does does erskine bowles think? we will hear from him in a few minutes. >>> and the debt ceiling fight, you will be shocked and amazed to find out what it is, but i'm not telling you right now. but i will tell you that michelle caruso-cabrera is with me. see you at the top of the hour from the new york stock exchange. >> bill, go g to see you. >>> let's take a euro trip and party like it's 1999 with a "street signs" time machine. on this day, 14 years ago,...
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stuart: there's nobody in the democratic party who goes with lower tax rates. >> only erskine bowles of the bowles-simpson plan and he's a lodge man. stuart: and doug schoen. >> i'm lonely, too, but pleased to be with you sharing my views. stuart: happy new year. >> thank you. stuart: the gold report, i bet the price is up-- oh, not much though. we're running into this all of this debt and printing the money and gold is still at 1687. but we're up 11 bucks and 60 cents as of today. i'm going to pose the question, how much-- can't believe this, how much is a daughter worth? for one chinese father the answer is hundreds of millions of dollars. elizabeth macdonald, charles payne, they'll be reacting to the china bride story. ♪ oh, oh, china grove ♪ ♪ >> yes, it is a rally, dare we say, a fiscal cliff relief rally? dow is up 250 points. now, look at this, please, all 30 of the dow stocks are in the green. and sky of blue, sea of green. yes, we have it all up, 30 of them. hewlett-packard to wal-mart, every single dow stock is up and then some. nice going. one bride in china came wit
stuart: there's nobody in the democratic party who goes with lower tax rates. >> only erskine bowles of the bowles-simpson plan and he's a lodge man. stuart: and doug schoen. >> i'm lonely, too, but pleased to be with you sharing my views. stuart: happy new year. >> thank you. stuart: the gold report, i bet the price is up-- oh, not much though. we're running into this all of this debt and printing the money and gold is still at 1687. but we're up 11 bucks and 60 cents as of...
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Jan 10, 2013
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. >> and why didn't they put in erskine bowles? >> he said he didn't want to do it. i've known him since he was chief of staff at the white house, he didn't want to do it. >> i'm just saying, if you're going to go back to clinton, you've got to go back to er bowles. but i didn't see mr. obama try to twist his arm at all. >> we don't know that and can't know that. >> chuck hagel's not a centrist. east going to dismantle the department of defense. >> here's the problem with this conversation. it always amounts to size. and i know guys like to talk about size, but what about -- what is an effective use of dollars for the military that we need now? because if you even talk to guys who are boots on the ground, some of the money that gets spent by the bureaucracy of the department of defense isn't doing what they needed to be doing. so i think a guy who was an infantry man who fought in a war i think actually may have a better sense of what do we really need to be doing to make sure that we are building the army and have the capacities and the navy and the armed forces tha
. >> and why didn't they put in erskine bowles? >> he said he didn't want to do it. i've known him since he was chief of staff at the white house, he didn't want to do it. >> i'm just saying, if you're going to go back to clinton, you've got to go back to er bowles. but i didn't see mr. obama try to twist his arm at all. >> we don't know that and can't know that. >> chuck hagel's not a centrist. east going to dismantle the department of defense. >> here's the...
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Jan 3, 2013
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we have erskine bowles himself with his first public comments on the tax deal. thank you for joining us. >> thank you for having me. >> "fast money" starts right now. >>> live from the nasdaq market site in new york city, i'm melissa lee. here are tonight's top three trades. first, credit crunch. is the consumer finally tapped out? we are trading the bill retail moouflers with citi's top analyst. correction protection. should you be bracing for a pull back? why the chargts say buyer beware. and pretty con computers will be able to smell and touch. head of innovation reveals what a smarter planet will look like. first, we have to get to today's action. stocks selling out as the fed remains more provided. so, we ask, is the era of easy money coming to an end? and grasso, i want to go to you first. i want to read the minutes that really caused the agita in the markets. several others thought it would be appropriate to slow or stop purpose chases well before the end of 2013. well before the end of this year. >> well -- this is the punch bowl, right? this is what eve
we have erskine bowles himself with his first public comments on the tax deal. thank you for joining us. >> thank you for having me. >> "fast money" starts right now. >>> live from the nasdaq market site in new york city, i'm melissa lee. here are tonight's top three trades. first, credit crunch. is the consumer finally tapped out? we are trading the bill retail moouflers with citi's top analyst. correction protection. should you be bracing for a pull back? why...
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Jan 14, 2013
01/13
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the notion that someone, well, you can look are your random set of, you know erskine bowles and alan simpson would be the quintessential very serious people. the editorial, practically the whole op-ed page, not all of them, but most of "the washington post." people for whom this, it's axiomatic that the budget deficit is the most important problem. and that what we really, really need to do right now at a time of mass unemployment is worry about the debt to gdp ratio ten years from now. and it's a very hard thing to crack, partly because it's not actually a rational argument. you very rarely, very rarely see on the sunday talk shows, people asking, "why exactly are you so concerned about the deficit right now?" that's sort of a given. that's a starting point. everybody serious understands that, except that if you ask them why exactly, they can't give you a very good answer. >> what is the answer? >> it's partly that this is, it sounds serious. never you know, never underestimate the importance of just plain what comes across. start so it's partly just it sounds serious, it's the kind
the notion that someone, well, you can look are your random set of, you know erskine bowles and alan simpson would be the quintessential very serious people. the editorial, practically the whole op-ed page, not all of them, but most of "the washington post." people for whom this, it's axiomatic that the budget deficit is the most important problem. and that what we really, really need to do right now at a time of mass unemployment is worry about the debt to gdp ratio ten years from...